U.S. consumer sentiment rises to best since 2007
NEW YORK (Reuters) – U.S. consumer sentiment jumped in December to its highest level in nearly eight years on cheaper gasoline and better job and wage prospects, a survey released on Tuesday showed.
Strong prescription sales help Walgreen top profit estimates
(Reuters) – U.S. drugstore chain operator Walgreen Co reported a better-than-expected quarterly profit, helped by a record number of prescriptions filled, sending its shares up 3.6 percent.
U.S. business spending plans gauge flat in November
WASHINGTON, (Reuters) – A gauge of business investment plans was unexpectedly flat in November, suggesting a slowdown in economic growth after a brisk expansion over the last two quarters.
Thales appoints Proglio as chairman, Caine as CEO
PARIS (Reuters) – French defense electronics group Thales appointed former EDF chief Henri Proglio as chairman on Tuesday and its second-in-command as CEO with shareholders the French state and Dassault Aviation setting aside differences over influence…
Anxious German employers gear up for minimum wage revolution
BERLIN (Reuters) – Michael Pirl is about to raise prices at his hotel in rural east Germany to cover a spike in labor costs as a national minimum wage takes effect, and he hopes new events like dinner shows will keep the customers coming.
Exclusive: Express Scripts presses for more drug savings with coverage list
LOS ANGELES (Reuters) – Express Scripts , the largest manager of prescription drug plans for U.S. employers, is taking an increasingly aggressive stance in price negotiations with pharmaceutical companies after winning discounts on medications with a s…
Medvedev says Russia could slide into deep recession: RIA
MOSCOW (Reuters) – Russia’s economy is at risk of entering a period of deep recession, Russian Prime Minister Dmitry Medvedev was quoted by RIA Novosti news agency as saying.
Alibaba spent $161 million fighting fakes since 2013
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd, the world’s largest e-commerce company, spent over 1 billion yuan ($160.7 million) combating fake goods and for improving customer protection from the beginning of 2013 to the end of November, the …
Bank of Italy official says no block on foreign Monte Paschi bid
MILAN (Reuters) – The Bank of Italy would not oppose a foreign takeover of troubled domestic bank Banca Monte dei Paschi di Siena , a senior central bank official said in a newspaper interview.
ARMS top investor seeks to regain control of Indonesia-focused miner
(Reuters) – Asia Resource Minerals’ top shareholder, Indonesian businessman Samin Tan, is trying to regain control of the struggling coal miner by seeking to appoint directors to the board that support him, the company said on Tuesday.
